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It’s disastrous to tear-up ExxonMobil contract now – Oxford Prof.

OilNOW -
Oxford University Professor of Economics and Public Policy, Sir Paul Collier, has warned it would be disastrous for Guyana to "tear-up" its Production Sharing Agreement with US oil major ExxonMobil. The Professor met with senior members of the Guyanese media...
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Guyanese urged to get out of poverty now before oil is left in the ground

OilNOW -
This is Guyana's chance to get out of poverty and the country should take it, since in the coming years a good deal of the oil discovered in the offshore basin, will remain just there. This is the advice...
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Ghana defends ‘direct negotiation’ with ExxonMobil; says company best-positioned for ultra-deep operations

OilNOW -
Ghana’s Minister of Energy, Boakye Agyarko, says the Government signed an oil exploration contract with ExxonMobil to explore for oil in the Deeperwater Cape Three Points Oilfields because it has the capacity to deliver. According to a Ghana Broadcasting Corporation...
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Ten applications for oil blocks pending

OilNOW -
Around ten applications for oil blocks in Guyana are currently sitting with authorities but no firm decision on the issuance of new licenses has been made yet. OilNOW was told by Minister of Natural Resources Raphael Trotman that no decision...
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High-level caucus on petroleum set for today

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Guyana’s Ministry of Natural Resources (MNR) has organised a high-level caucus for Cabinet Ministers to engage global thinkers and experts on natural resource management as part of the Government of Guyana's agenda to prepare for petroleum production in 2020,...
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US bans transactions with Venezuela’s petro cryptocurrency

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President Donald Trump on March 19 signed an executive order barring any U.S.-based financial transactions involving Venezuela’s new petro cryptocurrency, as U.S. officials warned that it was a “scam” by President Nicolas Maduro’s government to further undermine democracy in...
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We need oil partners with clout and bravery in face of territorial aggression – Trotman

OilNOW -
Guyana must consider a number of factors when granting international oil companies access to explore in its waters, which, according to Minister of Natural Resources, Raphael Trotman, include the recognition that those with the resolve to forge ahead in...
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Trump’s offshore oil plan will struggle to lure rigs from Guyana

OilNOW -
The world’s hottest offshore prospect for oil companies is off the coast of Guyana, where a string of major discoveries has drawn hundreds of millions of dollars in a quest for crude. But The Trump administration is hoping to...
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‘Netflix for Oil’ setting stage for $1 trillion battle over data

OilNOW -
(Bloomberg) A battle for big data is brewing in the oil patch. The service companies that map underground pockets of oil, drill the wells and lift crude from miles below are generating vast new amounts of data they never...
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Saipem in hunt for manpower agency, medical services provider in Guyana

OilNOW -
SURF contractor for the Liza Phase 1 development offshore Guyana - Saipem - is in search of a manpower agency and medical services provider for its operations in the South American country. Saipem America Guyana Branch posted a notice inviting...
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Latest News

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Noble Don Taylor continues drilling at Whiptail well site 

The Noble Don Taylor is continuing developmental drilling at the Whiptail well site at Guyana’s Stabroek Block. Drilling operations...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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